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Social media giant Meta released its Q3 2024 earnings after market close on October 30, delivering solid results that beat market expectations on revenue and profits. Meta raised its capital expenditure outlook, citing continued heavy infrastructure requirements for AI initiatives. The stock traded down approximately 3% in pre-market trading.
The social media giant Meta Platforms (META) released its Q2 2024 earnings report (April to June 2024) after the US market closed on July 31, beating market expectations for both revenue and profits.
Meta released the Llama 3.1 large language model (LLM) on July 23. This new model is undoubtedly a game-changer in open-source AI.
One of the highlights of this week's AI news is that Meta officially released partial versions of its open-source model, Llama 3. Although some argue that Llama's current license agreement is not fully open source, it can be considered open source to a certain extent, with Meta retaining some profit potential.
